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Book Value
The residual amount that represents a company's assets minus its liabilities.
Accumulated Depreciation
The aggregate depreciation recorded on a fixed asset since its commencement of use.
Supplies Expense
The cost incurred from consuming supplies that are used during the operation of a business, often classified as an expense on the income statement.
Supplies
Items used in the daily operations of a business, not directly tied to the product or service being sold.
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